Europe

BMW Braces for €1 Billion Fine on Emissions

April 05, 2019 at 4:11 PM

BMW AG says it will probably take a one-time charge of more than €1 billion ($1.1 billion) against first-quarter results to cover possible fines regarding the rollout of new emission control equipment.

Car Sales Rise 2% in Russia

April 05, 2019 at 12:39 PM

Retail sales of new cars and light commercial vehicles in Russia climbed 2% to 160,200 units in March, the Moscow-based Assn. of European Businesses reports.

EC Says BMW, Daimler, VW Blocked Emission Tech

April 05, 2019 at 12:17 PM

The European Commission has charged BMW, Daimler and Volkswagen’s VW, Audi and Porsche units with colluding to hinder the introduction of advanced pollution control equipment.

Car Sales Fade in Italy, Spain

April 04, 2019 at 6:38 PM

New-car sales in Italy and Spain dropped 10% and 4%, respectively, in March, according to local trade data sources.

Hyundai Denies Plan for Factory in Saudi Arabia

April 04, 2019 at 6:09 PM

Hyundai Motor Co. dismisses a local news report that the company plans to build an assembly plant in Saudi Arabia.

U.K. Car Sales Slipped 3% in March

April 04, 2019 at 10:52 AM

New-car deliveries in the U.K. fell 3% to 458,100 units last month, the Society of Motor Manufacturers and Traders reports.

UPDATE: BMW Gives ZF Its Biggest Order Ever

April 04, 2019 at 8:11 AM

ZF Friedrichshafen AG says it has received a multi-billion-dollar order from BMW AG for its next-generation, 8-speed automatic transmission.

VW Tests Self-Driving Cars in Germany

April 04, 2019 at 7:39 AM

Volkswagen AG has begun testing automated e-Golf small cars on public roads in Hamburg, Germany.

Daimler Opens Mercedes Assembly Plant in Russia

April 04, 2019 at 1:39 AM

Daimler AG has launched production of Mercedes-Benz E-Class midsize sedans at a new factory north of Moscow.

Renault Trims Board, Director Compensation Scheme

April 03, 2019 at 1:15 PM

Renault SA intends to streamline its board and sharply reduce member compensation, effective June 12.

Report: Europe’s CO2 Targets Could Cut Profits by $8.3 Billion

April 03, 2019 at 9:29 AM

The costs of meeting carbon dioxide emission standards in Europe in 2021 could cost the region’s largest carmakers a combined €7.4 billion ($8.3 billion).

Ford Says “No-Deal” Brexit Could Kill Its U.K. Operations

April 03, 2019 at 1:19 AM

Ford Motor Co. warns it could end manufacturing operations in Britain if the U.K. ends up exiting the European Union this month with no new trade deals in place.